Mutual fund backs Lenskart with ₹100 crore before expected November listing

SBI Mutual Fund invested ₹100 crore in eyewear retailer Lenskart during a pre-IPO round, ahead of the company’s planned November 10 market debut. The capital will support store expansion, supply-chain upgrades, and international growth within its omnichannel model. Management continues targeting operating leverage through private-label lenses and technology-driven fulfillment. Market observers said mutual fund participation signals rising domestic institutional interest in late-stage consumer technology. The transaction also broadens public-market familiarity with India’s optical retail category, where organized players are gaining share from smaller outlets and fragmented supply networks before listing day.